Hot employment market shows signs of cooling
The hot jobs market has been defying a weakening economy and confounding the Federal Reserve for months, but now shows…
9.10.24
Brad McMillan
Commonwealth CIO Brad McMillan recaps August’s market and economic news. Last month began with an initial sell-off, but it ended on a positive note as markets rallied. Fed Chair Powell announced it was time to start cutting rates, and stock and bond markets bounced on the news—with the Dow setting a new high. Given the inflation and economic data, can we expect a September rate cut?
